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Literacy Capital PLC ( (GB:BOOK) ) has provided an update.
Literacy Capital PLC has increased its Revolving Credit Facility limit from £40 million to £50 million with OakNorth Bank, maintaining existing interest rates and terms. This expansion provides the company with greater liquidity flexibility, allowing it to better support its portfolio companies and enhance shareholder value, while keeping its gearing comfortably below the maximum allowed by its borrowing policy.
More about Literacy Capital PLC
Literacy Capital PLC is a closed-end investment company co-founded by Paul Pindar and Richard Pindar in 2017, initially with £54 million of capital. It focuses on long-term investments in growing private UK businesses, aiming to create additional value with its support. The company, listed on the London Stock Exchange, has an evergreen fund structure and a unique charitable objective, donating 0.5% of its annual NAV to UK literacy-focused charities.
YTD Price Performance: -13.00%
Average Trading Volume: 16,828
Technical Sentiment Signal: Buy
For a thorough assessment of BOOK stock, go to TipRanks’ Stock Analysis page.